618 Van Buren Ave Harlingen, TX 78550

This 5,000-square-foot industrial property in Harlingen, Texas, presents a compelling redevelopment opportunity for owner-users. Located at 618 W Van Buren Ave, 78550, this single-story, Class B building sits on a 6,580-square-foot lot and boasts a 16.34% cap rate with a Net Operating Income (NOI) of $45,600. Built in 1979 and renovated in 2000, the property features a 11.5-foot ceiling height and includes four parking spaces. The layout comprises approximately 1,800 square feet of retail storefront space, 1,325 square feet of office and supply room, and 1,875 square feet of warehouse space with a 12' x 10' roll-up door. A secured 20' x 17' area within the warehouse provides additional storage. An adjacent fenced outdoor area (50' x 40') with a concrete slab is accessible from the warehouse and an alleyway. The property is zoned for commercial use and is currently vacant, offering immediate occupancy for a new business. The asking price is $279,000, translating to $55.80 per square foot. The land value is $0.32 per square foot. Rent bumps are permitted. This property is ideal for a business seeking a move-in ready space with potential for customization. The property's former use was as a plumbing company. The building has one unit.